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/biz/ - Business & Finance

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55749869 No.55749869 [Reply] [Original]

If I save $200 per week for 10 years I'll have $104,000

With interest rates at 4.6% and $104,000 in the bank I'll receive $4,784 a month in interest. That's $57,408

That is literally my salary for free every month. Why doesn't the average person do this?

The average person who works literally has nothing after 10 years of working

>> No.55749878

because interest is accrued annually retard. You will receive $4,784 a year

>> No.55749887

you really put it into perspective how hopeless this whole thing is. 10 years to reach 6 figure hell and another 20 to reach 7 figure hell maybe and by then a burger would be $200

>> No.55749891
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55749891

>>55749869
nigga thinks he's getting 50k per year with 100k deposit. Rumao

>> No.55749893

>With interest rates at 4.6% and $104,000 in the bank I'll receive $57,408

How long have you been crunching the numbers and working up the courage to post your genius idea, OP?

>> No.55749895

Fuck this gay earth

>> No.55749898

>>55749869
wow ur retarded...

>> No.55749899

>>55749869
>With interest rates at 4.6% and $104,000 in the bank I'll receive $4,784 a month in interest.
$4,784 a YEAR retard.

>> No.55749903

Better start working on getting that 1.2 million!

>> No.55749904

>>55749869
>a month
Dude...

>> No.55749912

>>55749869
God please let it be bait

>> No.55749938
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55749938

Zoomers doing math, trannies and gentlemen.
God save us from what's to come when gen alpha tries it.

>> No.55749956

>>55749869
If you have £8,000 to invest in commodities, one point up or down in the gold market is £80, the minimum daily wage in the UK. You could be earning a full day's salary for at most an hour of work.
(Or you could predict it wrong and lose everything, but that is your fault not mine.)

>> No.55749966

>>55749869
>Why doesn't the average person do this?

Poor's don't understand the value of investing, even in the short term.

>> No.55749972

>>55749956
That is not a bad idea. I also have a pinescript that can predict the price of gold on trading view. hm.

>> No.55750013

this is the calibre of mind giving you financial advice

>> No.55750024

is it a new reddit meme to pretend to take the bait or something?

>> No.55750033
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55750033

>>55750013
to be fair if you just put it all on microsoft or google you'd get 50% or more after one year based on what i've seen. But the op is talking about the savings account, the lowest yield shit known to man ofc. Ofc he's going to pick the lowest yield shit like a faggot.

>> No.55750041

>>55749869
>per month
who the fuck is giving 55% interest rates?
good b8 m8

>> No.55750048

>>55750041
goog or msft stock

>> No.55750060

>>55749869
Anon I...

>> No.55750065

>>55750048
even with your meme advice. if the OP where to somehow magically gain 55% PER fucking year. he would have to sell 57k worth of stock each year to get his 'dividend'. eventually he would run out of stock.

>> No.55750393

>>55749869
Top kek. You are retarded.

>> No.55750448

>>55749869
>$4,784 a month
>a month
Just give up anon. With your math skills, you were never destined to make it.

>> No.55750500

>>55749966
Poors have to eat. Poors have to pay utilities. Poors have to pay rent. Poors have to pay car insurance.
"Why don't you save money, poorfag?"